Donate

Free newsletter



Site Manager

Tami Dickson

Follow Us





Follow Unittus
Search

Custom Search
Truth & Growth Education
Gold Repatriation, IMF & Christine Lagare Updates! Jan 27/15 Print E-mail
Tuesday, 27 January 2015 15:49

Gold Repatriation and The Monetary Crisis: Austria, Belgium and The Netherlands Want Their Gold Back

By Bill Holter

Global Research, December 17, 2014

To say that events are now taking place at the speed of light is an understatement. It was just last Monday, I wrote a missive entitled The Mother of all Bank Runs. In it I wrote about the German and Dutch repatriations of gold which was then followed by the Belgians beginning discussions on the same topic. As a final speculation, I mentioned that “logically the Austrians would be next”. There was no way you could have told me it would be less than one week until the same news would actually come out of Austria! Unlike the Germans, Dutch and Belgians who have gold held in N.Y., Paris, and London, Austria holds 80% of their 280 tons of gold concentrated in London. http://www.zerohedge.com/news/2014-12-12/breaking-austria-considers-repatriating-its-physical-gold This is truly big news for several reasons which we will explore and it certainly brings up a few more questions.

These four countries represent the core of the European Union. The EU is located in Brussels and the ECB is located in Frankfurt so the power centers” (or financial centers) if you will are located within this “block” of countries, let’s call them the “Nordic bloc”. These four are the strength of the euro, they are the highest rated credits and for the most part they alone dictate policy. ...And now, ALL of them will be asking for their gold to be returned to them. The same questions I asked last week still apply, even more so now because of the addition of Austria. Why do they want their gold returned and why now? There are other questions which we can look at shortly.

First, why”? Why is there all of a sudden this rush by Holland, Belgium and Austria to follow Germanys lead in asking for their gold back. The obvious answer is trust, or better said, lack of trust. For years there have been questions as to whether or not “official gold” has been leased into the markets. These questions have arisen because of the simple math of supply and demand. If China, India and Russia have been gobbling up 100% of current mine supply... then where is the supply coming from to meet the demand from the rest of the world? If there was no trust issue whatsoever, these central banks would not bother” with where this gold is being held because it brings up questions central banks would prefer you not think about. These questions would obviously include “why” move the gold if it is already “safe”? It also brings up the question of why bother if gold is really not important in todays financial world ...as many central banks will have you believe?

> You see, for central banks to ask for their gold must mean it has some importance to them, right? For that matter, why have these countries not asked for dollars, pounds or euros (from France) for the values of the gold held? Why are these central banks asking for the actual metal? The answer of course is because they know gold is real money and there is no substitute... in other words, there is nothing as good as gold” when it comes to money. I cannot stress enough how big these actions are because these are central banks bringing publicity to gold in a manner showing just how important the gold really is to them! Let’s move on to other questions rather than rehash last weeks missive. Why and why now are the main questions but I believe these two are wrapped up by why these four countries”? What this obviously leads us to is the very real potential that the Eurozone which is an imperfect union, will now be splittable”! These four countries are the center of the “have’s” with the rest of Europe being “have nots” for the most part. These four country’s gold reserves amount to roughly 4,000tons. Officially they would be number two in the world behind the U.S., assuming the U.S. has not already divested their gold(I believe we have), unofficially” this 4,000 tons would make them number two behind China if you believe they 8,000 tons of gold or more (which I do). These four countries with reserves of 4,000 tons will have the ability to set up a northern or Nordic euro” ...especially if China revalues gold and re sets the world’s financial system which looks very probable in my eyes.

> Repatriating their gold also does something else which few have thought of so far. Actually having their gold in hand may just allow them to purchase energy from Russia. Remember, Russia is testing their own clearing system to bypass the Wests SWIFT system. Would Russia possibly refuse Western currencies for their energy exports if they had a system up and running which could clear rubles and yuan? You bet they would, especially during a time of financial war. Is gold a western currency? Is it an eastern currency? No, gold is the ULTIMATE currency, even Alan Greenspan concedes this! This theory of a possible European breakup into northern and southern euros has more legs if Russia were to accept the new Nordic for trade but refuse the “southern euro. Would Russia have more “confidence” and thus be more likely to accept the northern euro ...if it is supported by gold? Gold that is actually accounted for and held within these countries own vaults as opposed to vaults controlled by N.Y. and London?

> The answer of course is yes” but it also brings up another question which has a very humorous answer! For a little background before I ask the question, do you remember why all of this gold was moved to London and New York all those years ago? Thats right, there was a fear Stalin or one of his successors would roll tanks across Europe and take the gold ...so the further away from Russia this gold was ...the better! Fast forward to present day, isn’t Mr. Putin and Russia the “scary and aggressive” potential invaders of Europe? Why would these countries want their gold within their borders at this EXACT point in time if they have any worries of an aggressive neighbor called Russia? Does this make any sense at all? It does, and the humor is that these four countries apparently trust Mr. Putin and Moscow more than they do the U.S., Britain and the West!

> Let me wrap this up and speculate a little as to what I believe is happening because it is clear something IS happening. It can be no coincidence these four core European countries want to repatriate their gold. It is also clear this action signals a change of some sort in their relations”. For this “block” of countries (which is exactly what I believe they will be seen to be) to remove gold from the West and placing it within marching distance from Moscow tells me they trust us” less than they fear Russia. I also believe they know where this whole game is headed and who is leading it. I believe China will back their currency with a “re marked” price of gold with Russia as their right hand energy man. The game is going toward gold, not away, this Nordic group is simply positioning themselves for when the starting gun is fired.

> While the West has tried to isolate” Russia, we will have succeeded only in isolating ourselves and creating the cause” for a run on our own banking system. I am not talking about the paper Ponzi scheme banking system as this will also fall, I am talking about an old fashioned and REAL run on the bank! This “run” started slowly and ran for years as China accumulated what we foolishly gave away”. Now, it looks like the “run” is accelerating and the “core four” are taking the attitude “he who panics first panics best”! None of this had to happen but it has and is, simply because the West has done dirty business and ruined credibility. There is absolutely no rationale whatsoever for these banks to ask for their gold back if it is truly safe and they have full and complete faith in the U.S. as custodian and enforcer of the rule of law.

> Please understand, the core four” IS Europe. Other than Britain, Europe is supposed to be America’s number one ally. It is obvious allegiances all over the world are changing. It is also obvious what is considered as “important” as far as money and currencies are concerned is also changing, otherwise these countries would accept dollars in lieu of their gold.. The West has bled gold, trust and thus credibility while the East (and new northern Europe partners?) has accumulated gold, trust and thus also credibility. Power” has always followed gold wherever it went.

If gold is leaving London and New York, it is for a very good reason. I believe we may very well see a Nordic euro” that trades primarily with Russia and China as opposed to the U.S. and Japan. No one has ever run their bank just for fun”, there has to be a reason. I can see no reason for these four countries to act in unison on this issue unless trust is being questioned and/or a break away from the other deadbeat EU nations is planned ...we will see shortly.

Bill Holter, Miles Franklin associate writer.

Last Updated on Tuesday, 27 January 2015 16:16
Read more...
 
Funding Update! Jan 22/15 Print E-mail
Thursday, 22 January 2015 15:59

Subject: Mid-Week..'THE OFFICE OF POOFNESS'
Date: Wed, 21 Jan 2015 20:20:53 -0500

HI ALL

PROGRESS IS VERY GOOD ON THE FUNDING FRONT. I EXPECT TO HAVE FIRST FUNDS SHOW NEXT WEEK TO BEGIN WHAT WE ARE ABOUT TO DO, AND I HOPE TO HAVE FUNDING COMMITMENTS DONE FOR THE FIRST BATCH OF PROJECTS THE WEEK AFTER. AS PREVIOUSLY SAID, THE SUBMISSIONS FROM THE DHINTAKE PORTAL WILL BE ADDRESSED IN THE FIRST WEEKS OF FEBRUARY.

THIS TIMELINE WAS GIVEN TO ME A DAY AGO, AND I BELIEVE THIS TO BE THE START OF ALL ELSE THAT WILL BE FORTHCOMING.

I DID HEAR THAT THE RED DRAGONS AND OTHER FAMILY FACTIONS ARE NOW EXPECTING TO START FUNDING IN MAY. I DO NOT KNOW WHAT THE ISSUES ARE SURROUNDING THIS ADVANCE IN THEIR TIMING, BUT I AM SADDENED BY THE EXTENSION. THE PURPOSE OF THE MONEY IS TO HELP, NOT GET MIRED IN ISSUES STEMMING FROM PROTRACTED NEGOTIATIONS, GREED ISSUES, BANKER DELAYS, COMPLIANCE CAVORTING, AND THE ODD HANGNAIL OR TEN THAT CONSTANTLY PLAGUE US ALL.

IT REALLY IS TIME FOR A FAST TRACK APPROACH TO ALL SUCH ISSUES, AND I SURE HOPE THE DRAGONS CAN SPEED UP THEIR PROCESS. TOO MANY ARE HURTING BECAUSE OF THE DELAY, AND MOTHER IS NOT STANDING STILL. SHE IS HURTING TERRIBLY WITH HER AIR POISONED, HER WATERS UNUSABLE, AND HER COAT OF OZONE FULL OF HOLES.

IF WHAT I/WE DO HELPS ACCELERATE THIS PROCESS OF FIXING HER, REGARDLESS OF OTHERS THAT ARE EITHER STUCK OR WASHED AWAY, THEN WE WILL DO THE BEST WE CAN WITH WHAT WE ARE ALLOWED.

I CAN NOT TELL YOU THE DEPTH OF SADNESS I FEEL EVERY DAY WATCHING THE HURT OF PEOPLE AND OUR PLANET SUFFERING. TEARS ARE NOT ENOUGH.

IN OTHER NEWS, PATRICK BELLRINGER IS ANOTHER ONE THAT CARES DEEPLY FOR OTHERS, AND I HAVE FOUND THAT HE TOO HAS A LIST OF TO-DO’S THAT EQUAL OR SURPASS MINE. HE NEEDS SUPPORT FOR HIS WORK, AS DOES SUSAN FOR HERS, AND WENDY AND CASPER FOR THEIRS, AND MANY OTHERS THAT CARE DEEPLY. GIVE THEM A HAND IF YOU CAN.

ALL THESE DO NOT ASK FOR ANYTHING, AND RELY ON YOUR DONATIONS. JUST LIKE THE PUBLIC BROADCAST SYSTEM. WITHOUT YOUR HELP, THEY WOULD NOT BE ABLE TO BRING YOU GOOD TV SHOWS THAT PROFFER YOU OTHER STUFF IN LIU OF BRAZEN DETERGENT COMMERCIALS, AND WHAT JUSTIN BEAVER ATE TODAY THAT GAVE HIM THE RUNS.

OH, AND I JUST WATCHED A DVD OF THE INTERVIEW, THE SONY FLICK ABOUT THE TV INDUSTRY. TOO FUNNY. AND IT SHOWS THE ACTUAL SIDE OF THE MORONIC SHOWS PEOPLE GET HOOKED INTO.

Hi Zap!
I know you're busy! But please, could you answer to me this email? I ve been waiting for the IMF send the codes to platform for so long... i dont wanna bother anyone, not the platform, not you... but you have so great information... I am feeling sad with this situation... i do some volunteer job here in my city, and want to help so much people, its easy... i do not understand why the imf and us treasury still keep delaying.
Thank you... i ll be waiting for you!
Best Regards
YM

Hi Zap!
Thank you for answering in the blog.
I wanna ask you if you receive the confirmation of the release of TRN and the funds for H. Bonds .
I didnt had a positive return from my platform!
Best Wishes!
YM

HI YM. AT THIS TIME, I CAN ONLY DO A BEST GUESS. THE IMF IS TO SEND OUT THE RELEASE CODES TO MANY SELLERS, THIS I KNOW. THE TIMING IS FLUID THOUGH AS THEY WERE TO BEGIN LAST WEEK, AND THIS WAS PUT OFF TILL TODAY. I WOULD THINK THAT EITHER TODAY OR TOMORROW WILL SEE THIS RELEASE. IF NOT, THEN NEXT WEEK. THAT IS MY BEST GUESS AT THIS POINT UNTIL I GET VERIFICATION THAT THEY HAVE INDEED STARTED. WE WILL SEE. IF I GET THE INFO TODAY/TOMORROW, I WILL LET SUSAN KNOW SO SHE CAN TELL YOU AND OTHERS.

IN REGARD THE CURRENCY THING, GREECE WITH ITS BANK RUN, AND THE SCUTTLEBUTT WITH GERMANY REVALUING THEIR CURRENCY, SWITZERLAND PEELING OUT OF THE EURO TIE-DOWN, AND OTHER COUNTRIES FORGING AHEAD WITH THEIR VERSIONS OF THE SAME, ARE ALL SIGNS OF THE RESET WE HAVE TALKED ABOUT, AND ARE NOW SEEING PUT INTO EFFECT. I REALLY HOPE THERE IS A COHESIVE EFFORT TO DO THE RIGHT THING AS THIS IS THE CRITICAL TIME WHERE GOOD THINGS CAN HAPPEN.

MY GUT FEEL IS THAT WE ARE WELL ON OUR WAY TO ENDING THE CRAP PARADIGM AND ENTERING INTO A NEW ERA OF PEACE, JOY AND PROSPERITY. I THINK I AM RIGHT. SNUFFLES IS NODDING SO THERE.

THANK YOU ALL FOR YOUR EMAILS OF SUPPORT. THEY HAVE FLOODED THE SERVERS.

IN OUTSTANDING GRATITUDE.

ZAP

“GOD IS; I AM; WE ARE”
“BE GOOD, BE LEGAL, TELL TRUTH”
January 21, 2015
Copyright ZAP 2013-2015

PS NOW GO DONATE TO YOUR FAVORITE. KEEP THEM ALIVE.

Thank you for any help you can provide us as we continue to help keep you informed. Please go to paypal.com..the account is goneforthfornow@gmail.com thru friends and family. If you have a problem please contact us @ 2goforth@safe-mail.net ....Consultations continue....S

Love and Kisses,

'THE OFFICE OF POOFNESS'

Susan and Staff

 
Mnt Goat RV & Zap News! Jan 16/15 Print E-mail
Friday, 16 January 2015 15:57
UU3223 – “An Economic War”   by Mnt Goat  Part 1

Hi Everyone,

I know today’s news, like the past couple news letters, is not all very pleasant. It is sad what is being done to Iraq as I believe the USA is medaling in their internal affairs too much and using the stalling of the RV for political reasons and leverage outside of Iraq’s benefit. 

There is not much more for Iraq to do for RV and I will try to explain just what I mean by this statement in today’s news letter.

I hope everyone also read my last news letters dated 01/12 since this is a continuation of this ongoing saga.   

Today’s News

Today is Friday Jan 16th   and we end the week with a new window of opportunity for a possible RV.
~~~
Why do I say this?  I will tell you.

In my last couple news letters I stated we were in a good window to possibly see the RV from last weekend.  I based my information on many factors one of which was a targeted “go live” on the Iraq Stock Exchange (ISX) with international trading.

Well we now know this was just another attempt to go live for international trading but it could not be pulled off. This was due to not having their currency first as international.

How can you trade stocks and currency on international markets when you do not have a fare market rate value and are not linked to the exchanges. How can the BUY and SELL transactions work when the brokerage systems can not research (or link to) the current market values of your currency.

The completed RV rollout process will give them this capability. It is the final missing piece. We now also know for a fact the ISX is tied to having the RV in place so this is no longer a rumor. So it makes total sense that when they talk about the ISX rollout once again we should pay close attention.

I am now hearing there is going to be yet another attempt on Jan 20th for  ISX rollout. That is next Tuesday. This is now why I am saying another window of opportunity has opened up for an RV.

The RV must occur prior to any international trading in ISX.

So the window is from today Friday Jan 16th thru Jan 20th. Will they meet this new target this time and begin international trading on the ISX?  We wait and see.

You see they are desperately trying to sync up events prior to pushing out the RV. On one hand you have the gov’t negotiating oil deals, parliament trying to work through needed legislation, the CBI building up reserves and stabilizing the rate, the finance ministry working with the budget and other corruption matters.  

2015 Budget Saga

So there are many items to talk about today concerning the progress being made and those other events we should be paying attention to besides the ISX rollout.

First let’s talk about the 2015 budget implementation. As I said in prior news letters I totally believe the budget is done and has been done for many weeks now only they have to make adjustments for the sudden decline in oil prices.

They can not open the budget and announce it because there is a greater plan  and the plan includes other events happening in synchronization. I follow the budget saga with you in my news only because I know when they begin to announce something pertaining to it, it then gives us an indication, a timeframe for the final voting. Again this event is worth paying attention to.

For me these budget events are the triggers for “ready to RV”. This timeframe has been announced as Jan 20th for the final vote on the budget. So we wait and see if in fact it does take place and what happens next.

So Iraq has to constantly make excuses to tell their citizens why the budget is not yet ready. Certainly they can not tell them the USA is medaling once again in their internal affairs. They know all about the support the USA gave Maliki and how it all turned out. They do not trust the medaling USA anymore to help them.

So why has the USA not pushed the RV button already?

There is an economic blackmail going on right under our noses. If you pay attention to the news from Iraq, the BBC  and your local news media channels you can read between the lines.

Just remember the basics of what is going on here. The USA wants to control the oil in the Middle East. There is a new pipeline under construction and it must pass through Syria and many other countries. The goal is to bring the oil to Europe and avoid much of the high cost of shipment. Russia does not want them to control it. Control of the oil is money, huge money. Money is power. We are witnessing now this power unleashed and what it can do.

This recent news today about the Swiss decision to de-link the franc from the Euro was a surprise for everyone. It should be of no surprise since why should the Swiss artificially boost the Euro any longer. There is no other reason.

All players must play in this rebalancing and Swiss feels they have done more than their part while other countries resist the needed changes (hint – USA? ). Simple put the people of Switzerland voted the referendum to keep shoring up the EURO. It is their money and they no longer believe it is being spent appropriately.

Note of caution - This news from the Swiss is not about the Cabal breakdown or the Swiss going on a the gold standard, as many have already taken credit for. It is predictable that whenever there is such an event they will try to take credit for it.

Again, as I told you, these weirdoes in this group of people have other motives and agendas in mind and will take credit for anything that happens to show they are in charge.

The fact is they have absolutely no power just an agenda for more power. So be careful of this group in the nonsense they put out. The reality is we do not want to live in their version of the world afterwards.
Signs of the Economic War

We are witnessing the Russian ruble tank as oil prices continue on a downward slide. Then we hear about president Putin’s possible resignation. Could this be what they really wanted from Russia?

We can now see the Saudi and Iraq competition for buyers of their oil. We are now hearing we can expect oil prices to drop to as low as $25-30 a barrel and bring gas to pre-2008 prices at the pumps.   

Is this an economic war? . The question is not if there is a war but rather how far will it go and what will be the final outcome?

It is now very apparent. There are some major adjustments being made as are result. I am not an economist and I do not have all the answers. Much of what we are witnessing baffles me too. But I do not just sit and wait. I reach out and investigate and look for the reasons why. Always I point to the same question – Why?

I have talked to many economist and financial guru’s. They all tell me the same as to why the value of the US dollar  is now so high in the midst of all this turmoil. 

They say the USA used the shale oil production to force the drop in middle eastern oil prices. A brilliant move on the part of USA president Obama only now it is no longer cost effective to produce oil from shale. These efforts will most likely shut down. So what is the next move?  This must have been predicted.

What we do know for sure it was economic blackmail and used as leverage. The US economy is so very much tied to the price of energy. When the cost of energy is low the dollar goes up. Let me explain the ripple effect going on here.

My question is this now. Can the USA be middle east independent of its oil? There is talk about the USA putting together its own oil market, controlling prices for North American oil outside of the middle eastern countries. 

You see the new plan is all about where you market the oil as to how much you pay for it. So for the middle eastern oil with markets in India, China and Europe there will be one market. 

Then for oil consumed in North America another market. Each market separates its cost of production separately. Thus oil in the USA stays low as needed for the economy to rise.

Why am I telling you this?

I am trying to explain what is happening behind the scenes. What we now witness on our TV screens is not coincidental. They are actually showing us the method but we do not see the big picture. 

We can not piece together the puzzle since we do not have all the pieces. Let me give you  few more pieces so you can begin to see the larger picture.

There is a plan to separate territories of the globe into 5 currency regions. Most people have no clue as to this plan and how it is taking effect right in front of our noses. They will use the excuse to implement this plan as to decrease this rising energy costs for North America and to handle the uncontrollable massive debt of the USA.
UU3223 – “An Economic War”   by Mnt Goat  Part 2

About the Amero Coin

Time to put this conspiracy to rest……lol…There is also a plan to form the “North American Union” and to rollout a single currency for Canada, USA and Mexico. However this is something for the future. This new currency is not the “Amero” currency as some say it is already minted. 

Various warnings about the USA, Canada and Mexico losing their sovereignty, merging into a North American Union and switching to a single currency known as the Amero.   A video by Hal Turner claims that these are already in use in trade agreements with China.   

The Truth is this an  eRumor is based on a collector's coin and on fears that the North Atlantic Free Trade Agreement could be the first step toward loss of sovereignty for the United States. 

The Amero coin does exist, but is not American currency.  It is a collector coin designed by a man named Daniel Carr and available for sale on a web site called the Amero Currency Site.  This product is marketed for coin collectors and coin enthusiasts but it is not legal tender.
~~~
The Amero Currency site says that visitors can "Buy Ameros for educational purposes, as novelties and conversation starters at the first tee !!!"  The site says that the coin is being sold to raise awareness of the NAFTA trade agreements between Canada, United States and Mexico but the marketing of this coin has spun into a conspiracy theory.

www.swissamerica.com/offer/amero.php

www.truthorfiction.com/rumors/a/amero.htm

Moving on…

We will see shortly how they first will separate these oil markets since the impact would be too great on the interdependencies of the middle eastern oil as it would/could drag down the new North America Union currency of the future

We are now seeing the first step in this process as we watch this economic war on oil being played out. The separation of  the markets is taking place. I believe pressure will be put on this separation in order to keep shale oil production up in North America unaffected by middle eastern oil prices. Think this is really weird? Think again !

In short- when the dollar goes up there is a higher demand for goods. This has happened due to a drop in oil prices. Companies then reach out for loans to begin their production cycles. When production is up and goods are sold the value of investment stocks rise. Speculation that more is to come.

The demand for the US dollar goes up even more as the economy picks up. I have been saying this to myself for over 10 years. If the US really wanted to do something about the economic recovery why not just figure out a way to bring cheap energy into the market. This is now being done. We are witnessing the impact.

I know one thing for sure-  the USA will not step in to aid or assist Russia this time . They are on their own unless they pull out of the Ukraine and guarantee to stay out of any of the former Soviet Union Block countries. Somehow president Putin seems to think the cold war is still on. His resignation may also be another demand.

Past Iraqi budget surpluses – Where did all the money go?

This week also the Iraqi finance committee announced that they have audited their banks on past budget surpluses. They have come up with over 180+ trillion dinars missing. They were hoping they could use these funds to fill the gaps for 2015 budget. They were hoping to find that the banks receiving the funds go back as far as 2004 still maintained the funds since many planned projects were never completed.

Their findings so far show that there are trillions of dinars unaccounted for. Does this surprise us? They pledged to take up the effort of finding the parties responsible and bring them to justice.
Read more...
 
Mnt Goat RV & Benjamin Fulford Global Reports! Jan 13/15 Print E-mail
Tuesday, 13 January 2015 16:20

UU4777 – “What we can expect this week”  by Mnt Goat

I will be posting RV Bank training for Canadians shortly. USA RV Bank updates www.tntdinar.com Bank training www.tntsuperfantastic.com

www.tntsuperfantastic.org www.tntsuperfantastic.net

Hi Everyone,

Thanks everyone for your kind words. I will always try to be here to help in the effort to bring you the truth as I know it. The majority of you are truly blessed people.

Today I wanted to give everyone an update on certain matters as they progress concerning the Iraq dinar revaluation process.  I hope everyone also read my last news letters dated 01/09 (LINK) since this is a continuation of this ongoing saga.

Please read the entire news letter since it will eliminate much confusion and questions that can easily be answered JUST BY READING THE NEWS LETTER.

Remember I am no longer going to reply to email questions concerning issues I just explained in this news letter or any previous news letter. If you are really concerned about your investment you will then be responsible enough to take the time (as I do) to read the news and absorb it. This is not a date and a rate news letter however if you are smart you can see where all this news is heading.

Today’s News

Today is Jan 12th and surprise, surprise no RV! In my last couple news letters I stated we were in a good window to possibly see the RV from last Thursday thru to Sunday. I based my information on many factors one of which was a targeted “go live” on ISX with international trading.

ISX Update

I stated this since I knew for a fact Iraq was targeting to go live with the Iraqi Stock Exchange (ISX) global sector and they needed to have a current global rate for the IQD or a rate indicative of a true value to their currency and not this toilet paper rate they have been using since 2003.

We heard about the software changes the ISX needed to go global and the needed connections in order to make it compliant to interface with (talk to) the rest of the international global exchanges. We read articles these software links where put in place and later that they were not yet activated (on –hold). Many of the “intel gurus” at this time also though they were going to go live with it (thus needed an RV rate) but were very disappointed when later they found out it was only a planned software rollout and was never intended to be activated at that time. So this caused more hype and disappointment as we also witnessed this past weekend.

So what really happened this past weekend?

Over this past weekend the plan was to begin trading on this date using the new software links they previously rolled out, as I mentioned above. This was the plan. This was a target they established a month or more ago once they had the new software linkage in place.

You see they are desperately trying to sync up events. You have the gov’t on one hand negotiating oil deals, parliament trying to work through needed legislation, the CBI building up reserves and stabilizing the rate, the finance ministry working with the budget and other matters like ISX completion and so on so forth.

Lots of hands multi tasking, lots of moving parts all trying to get Iraq completed to meet USA and UN satisfaction. Think of Abadi and the two other presidents as the traffic cops and the catalysts and motivators.

Gosh this sounds like real leadership!

The are desperately trying to keep things moving along to make forward movement. But at times one hand (a ministry) does not talk much to the other hand (GOI, parliament or another ministry) and only hopes other events they are working on are also completed on time to sync up with their plan. So you understand?

So this past weekend we witnessed yet another example of bad timing with the finance ministry with ISX planned implementation. So to pacify would-be investors, over this past weekend the finance ministry came out with a note on the ISX screen stating that trading was to be held up due to the economic reforms now in progress. Don’t know if many realize it but this was actually amazing news.

I have translated this note from Arabic to English many times using many different translators and what I present is a rough translation but I think I have it spot on as to what they are trying to tell us. So what does this tell us?

It tells us a couple things. One is we now know that the RV is in fact tied to the ISX currency trading of the Iraq dinar going global. So this is no longer just a rumor. Second we know why the RV did not yet happen as planned this past weekend or on the 11th.  It’s all good as the glass is “half full” not “half empty”….lol…..

Rumor (just rumor for now) that Iraq is going to try again on Jan 15th  for the global activation of ISX. They will need an RV prior. Will this happen. I do not see a chance in hell of this happening. Just my opinion and I will explain more in this news letter as you see the other items need too.

Anbar Update

I want to emphasize the situation in Anbar is still ongoing. The governor or Anbar providence has arrived back already from the USA from talks about further support. The USA has obligated many weapons, ammo and most important more advisors (up to 500 more) to assist in the effort. Are they really advisors?  My prediction is we should see this Anbar situation begin to wind down soon.

Many articles are now coming out about this situation. Anbar is a sore spot for the former prime minister Maliki since it was the beginning of the major peaceful protesting that turned into rioting against his government’s policies. Anbar is where the attacks on 150+ civilians occurred with merciless shootings and “barrel” bombs released from helicopters on the protesting crowds by his security forces and the Iraqi Army. Do you remember this mess?

This was the breaking point for the citizens. Soon after this event a list of demands was delivered to the government of Maliki.  The number one demand was for Maliki to step down. Other demands included the full implementation of the Erbil agreement and many of the reforms we have seen recently implemented (or planned) since but by the new Abadi government.

To make a long story short since these protests, Maliki’s security forces cracked down on Anbar and has had control over it ever since. When ISIS and DAASH infiltrated he gladly turned over the providence to them. This  is basically how ISIS got control over this area. It is time to rid ISIS of these terrorist. They soon will be free of them and begin building their own “FREE” decentralized security forces to deal with any  improper takeover from the centralized government in the future. This has been the plan for all the major provinces. This is hoped will prevent such centralized power in the hands of the GOI and abuse of the provinces.

So this is where we stand currently in Anbar. Mosul also is winding down now and many of the forces defending that providence are to be moving in the Anbar region to fight. These were the two last strongholds for ISIS. Abadi has vowed to rid Iraq of ISIS in the near future and I totally believe he will fully accomplish his goals.

These 26 generals too we hear in the news about Amnesty (or lack of Amnesty) demands by USA are involved in this massacre. They have spilt blood on Iraqi countrymen on their hands along with the one on top who gave the orders…..Maliki. Amnesty will not apply to anyone who spilt blood of a citizen.

Ongoing 2015 Budget Saga Update

As we heard Jubouri and Abadi are constantly pushing to get this 2015 budget done and implemented. For the first time in 8 years they want a budget to operate the government by. The USA is also demanding it. Let there be no misunderstanding. The USA will not complete a currency reform with Iraq until they have a workable budget accepted my the majority (which means passed by parliament).

Let me also settle the ongoing dilemma many have in their minds about the budget and RV connection.

Let me only state this one more time since I have repeatedly ironed this out already in many of my past news letters. Please stop listening to this other garbage and hype concerning this topic and you will not get confused. You are confusing yourselves !

So here it is one more time:

-       first of all the budget does not need an RV to be implemented. If they wanted they could easily open the budget now as is and begin spending it at the current dinar rate (1166ish), but it must first be passed by parliament and posted in the Gazette to be legal. There is no RV’d rate in the budget !

-       However having said this Iraq would luv to sync up events and pop out the RV in timing for the implementation of the budget but it is not really needed. But the Budget is not the lone event they are attempting to sync up. There are other items too and I have talked about these many times. We now see article 140 is on the hot bed. I will discuss this later in this news letter. Would an RV be nice- yet is would give them much more buying power too on all these upcoming projects scheduled for 2015.

-       The budget is only being stalled from a final vote based on issues. Part of it was the deficit reductions they required. With the fluctuating oil prices it is making it hard to manage. They already had the two official, required readings. I am hearing they do not intend to have a 3rd reading and will go to a voting session next. This could happen this week and probably will.

-       Since the second reading, the opposition is nitpicking any early budget agreement and wants to stall it for political reasons. These are of course still Maliki’s goons in parliament, same old tactics from the past. However there will come an end point to these changes and I believe it has been reached. They will not have their way.

-       House Speaker Salim al-Jubouri, said at a news conference on Sunday that on Monday Jan 12th will be the end of the revisions from the second reading of the budget law. They are not going around and around again with this budget. This is excellent news.

-       Iraq can do whatever they damn well please with the budget. Investors are not going to dictate to them how they will handle this budget just because they want an RV. They have never officially announced or opened a completed budget in the past but they still continue to operate and pay bills. They might just do the same now in 2015. Who the hell knows?  We only know what they are telling us and noone has a crystal ball.

But if you have some common sense and USE IT it helps to figure it all out. I do not think this old approach from the last 4 years with the budgets is however  the path they now desire to take since the USA and IMF are  forcing a formal operating budget from them. Jubouri and Abadi are allowing these revisions since they vowed to have a non-sectarian government and so this is proving it to the world once again. However enough is enough and they are about to crack down and complete it. Don’t believe me? Wait you will see.

Article 140 Update

Excellent, excellent news on this long awaited topic came out this past weekend. I am assuming everyone knows that the article 140 issue is called “article 140” issue because it was written in their constitution in article 140 how to handle the disputed oil rich regions on the boarder between Iraq and its neighbors. Oil is not the only reason though. These contested areas are full of immigrants who settled in these regions, mostly of Kurd nationality. But it is really the oil everyone wants and is concerned over. Also in reality the constitution clearly states how to handle these disputes only they do not yet have any sound legislation to implement for a workable solution in the real world.

So low and behold this past weekend president Masuom came onboard and requested Abadi begin to address this issue and get this legislation going. I have been waiting a long time for this news. Why did he do this?

He now came out because the USA once again this past week told Iraq this item is still high on the priority list of items to get done prior to completing economic reforms. They will need to form a committee to do this work. I believe we will shortly read about this in the upcoming articles about this new committee and its agenda for the next sessions of parliament. This is something now to watch for and track in the news. This is the last big piece to this puzzle (not the only piece)  to get moving on for economic reform completion.

 

Last Updated on Tuesday, 13 January 2015 16:32
Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 3 of 86